Thailand property developer Sansiri target properties in London and New York

Bangkok, Thailand: Leading Thai property developer Sansiri Group PLC has announced that over the next few years the company will focus on overseas property development. The group said they would be concentrating on London and New York where supply is low and demand for property is high.

The company’s first London project is due to be officially launched in May.

Just six units will be available at the US.8 million property in South Kensington, which features Thai style interiors.

“We are focusing on Thais who need an investment or want to buy a residence in London or New York, generating an average yield of four or five percent a year,” commented Srettha Thavisin, Sansiri Group president.

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“The property markets in London and New York have shown good signs of recovery since the second half of last year, with banks in both markets starting to provide mortgages to home-buyers, and where the rental sector is also recovering. New York has a vacancy rate of only 2 per cent, which demonstrates strong demand for residences in the city. This is the first overseas project for the company,” he added.

The project is expected to achieve a net profit of at least fifteen percent and account for three percent of the company’s overall revenue target of 22 billion baht (US5 million) for this financial year.

The company also announced it is considering expanding into other locations such as Phuket, Koh Samui and Pattaya in Thailand.

“We are optimistic about the demand for residential projects this year, in the current absence of business risks that will impact the market. We are concerned only about the domino effect from the crisis in the Middle East and North Africa, which will affect oil prices. However, it is not possible to estimate the business effect from this risk.” Thavisin concluded.

Sansiri are due to start construction of a luxury condominium called Centre Point on Bangkok’s Wireless Road later this year. The property is due for completion in three years and when units go on sale prices are expected to be around US,400 per square metre; making it the most expensive condominium in Thailand.

Founded in 1984 Sansiri Group is one of the largest property developers in Thailand and the third Thai developer to invest in overseas projects recently. The other two are; Land & Houses with projects in the Philippines and Indonesia; and Pruksa Real Estate which has invested in the Maldives, India and Vietnam.

The group are also the only property developer in South East Asia to win a Commendation for Excellence at the Asia Pacific Real Estate Awards.

Rebecca Smith
Ocean Villas Group

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Property development bridging loans

One of the biggest threats to a successful construction project is experiencing cash flow issues, or worse still, running out of financial resources before the project is complete. Having to halt the build or renovation means you may struggle to meet time sensitive milestones and will invariably increase the cost of the overall project. Worse still you may even run into losses.

The smart developer will be prepared for unforeseen funding issues that may impede the projects progress and where the required funds are not available may make use of a property development bridging loan.

Whether you are undertaking a residential or commercial development project, a bridging loan is probably the best funding option to keep the project rolling during funding problems to minimise any cost overrun. Property development bridging loans are secured loans, and commercial or residential property or land can be used as collateral. You will normally be able to raise around 75% of the valuation of your collateral.

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A big advantage of a bridging loan is they can generally be arranged in a very short time span which is not usually the case with the high street lenders. This can help to avoid project delays. These benefits do come at a premium in terms of interest rates but as this type of loan is a short term solution it may still work out in your advantage if project delays are avoided. Another advantage is that the principal can be repaid after the loan period so you only need to fund the interest whilst you complete your project and then funds from the resale can be used to repay the principal.

To summaries, if your property development project is liable to be delayed as a result of funding problems a property development bridging loan may be a solution well worth considering.

There is a lot of competition in the market place for bridging loans so be sure to choose a lender that does not charge any exit fee, offers daily interest with no hidden or additional costs other than the required fee for the valuation of your collateral and any legal fees.

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Overseas Property Investment

At Key Universal, we conduct a painstaking examination of each development we offer, from the financial status of the backer to the reputation of the builders, whether it’s a UK or overseas property investment.
Our thoroughness has earned us a well-deserved reputation as a hands-on overseas property investment company; a reputation that we are justifiably proud of and will always seek to maintain. This reputation has also stood us in good stead when it comes to achieving ‘buying power’ and gives us the ability to negotiate very favourable terms on behalf of our clients.
Although we are based in the UK and deal with many developments in this country, we are also an overseas property investment company, specialising in international property investment.
Our team of professionals is constantly reviewing any regions that might be prime locations for overseas property investment, thoroughly checking the demographic, economics and local property markets of each country we consider to have potential.
International property investment can take many forms, from prime-located plots of land to stunning off-plan apartments; we have also added a Major Acquisitions section to our website, which gives details of overseas property investment developments that are certain to pull premium revenue.
We also offer opportunities for investors who wish to achieve the developer’s profit by investing in developments at ground-level stages. Using this program, we can ensure that land titles and properties can remain in the individual names of a group of investors who buy exclusive land and achieve planning application.
Browse our website for more details of our services or contact us now to talk to one of our investment advisors.

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Commercial and Residential Property Growth in Norfolk

If you have decided to invest in commercial or residential property development then it is your right time and Norfolk is the right place for investment. Now the question automatically comes: why?

Norfolk is home to the largest naval military base on the East Coast. This seaside city is open for communication on water. This city is going through a state of business-boom. Currently Norfolk Virginia is projected as the international port city, located near Washington DC and the new light rail system is built. The plan is to link up the light rail system in Norfolk Washington, DC, to shuttle between the two cities in the wind.

Another main factor that has helped Norwich to grow in is its rehabilitation and up-gradation factor. Due to deep economic recession in USA, some of the important areas in United States like California and Florida which once used to use for residential and commercial property speculation have undergone a state of melt down. Instead Norwich is attaining increasing attention for rehabilitation, up gradation and more improvement. The construction that took place at post World War II phase not being desirable or appreciated in a fast paced contemporary world, much new construction is being erected and real estate business is growing rapidly. The contemporary luxury housing and sophisticated apartment being in demand most of the real estate groups are coming day after day. Central downtown area of Norfolk (as well as other areas such as South Norfolk and Hampton Boulevard near Ghent) is emerging as the evolution of commercial, residential and mixed use property.

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Many undertaken commercial and residential projects and some other under construction near downtown in Norfolk are in earnest anticipation of the new Light Rail line which will be open to the public in 2010. Here real estate growth is high with great expectation of massive development. Many reputed hotel chains like Marriot and the Hampton Inn as well as the Westin Hotel and Conference Centre are coming to the scene. Luxury residential projects like, Franklin Condos and Belmont at Freemason are under construction. Public projects, such as Tidewater Community College Student Center, a new main library in the city of Norfolk and Norfolk State University Student Center, is also under construction in time for the opening of the tide.

These public and private projects, no doubt, would encourage and stimulate additional projects in the same neighbourhood.

The Tide is proposed to be start with a station at Eastern Virginia Medical Center and will pass through key points in downtown Norfolk such as Harbor Park and Norfolk State University, and continue on through South Norfolk, paralleling Interstate 264 and terminating at the Newtown Road station, just on the border of Virginia Beach.

These are supposed to be the main reason for the Rapid real estate growth in Norwich. So here is your chance to buy property in Norfolk.

 

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Thailand property developer invests US$300 million in India real estate

Bangkok, Thailand: Leading Thailand property developer, Pruksa Real Estate PLC, has unveiled ambitious plans to invest US0 million in the Indian property market over the next five years.

The Thai developer is set to build property in major Indian cities such as Delhi, Mumbai and Bangalore under the company’s flag ship Indian brand, Pruksa India Construction Pvt. Ltd.

The news follows the success of the real estate developer’s first project in India, Pruska Silvana in Bangalore. The twenty six acre project, made up of 438 terraced houses and 321 villas, broke ground in 2009 and is scheduled for completion in May this year.

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The company already own twenty five acres of land in Mumbai and it is likely this will be the site for their next property development in India.

“Demand for housing in India is strong and we think it’s a good investment for us. We want to bring in luxury living at affordable prices in India. Pruksa’s entry into India is a major milestone for us, as it has always been our dream to be a part of this country,” commented Pruska’s founder and chief executive officer, Thongma Vijitpongpun.

“Bangalore has a forward looking attitude, a population of various demographics and, most importantly, more than half the world trusts Bangalore for its software and the presence of some widely travelled people who will recognise quality when they see one,” he added.

The Thai real estate developer has also invested in Mumbai in a joint venture with Soham Developers and is building another project in Chennai with Mohan Mutha Infrastructures.

Pruksa is also considering new projects in Chennai, Hyderabad, Nagpur and Haryana.

“Our mission is to be the leading property developer in Asia and across the globe and at the same time, deliver superbly designed and perfectly executed living spaces at amazingly affordable prices. We intend to be intensely aware of the pulse of our customers and exceed their expectations every time,” Vijitpongpun concluded.

Pruska is keen to expand throughout Asia and already have an affordable housing project under construction in the Maldives. In addition the company is exploring opportunities in Vietnam and China.

Founded in 1993 Pruksa Real Estate PLC builds town homes, single detached houses and condominiums in city centre suburbs and surrounding areas.

Rebecca Smith
Ocean Villas Group
Email: info@oceanvillasgroup.com

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Should You Join a Property Development Investment Group? The Advantages and Disadvantages you need to know about

For someone who is trying to break into the world of property development or someone who has been involved in property development for years, there is always the option of becoming involved with a group which invests in real estate rather than in stocks, bonds and other types of assets.

Different groups will use the money their members give them in a different way when it comes to purchasing properties. Each group carries with it a unique set of benefits and risks. If you are not sure whether or not these groups are right for you, here are some things that may help you decide.

A property investment group is a fairly simple concept. A number of individuals will each invest a certain amount of money. That money forms a pool of funds that are used to finance the purchase, development and maintenance of various properties. Some groups will purchase undeveloped land. These tracts of land will then either be built on by the group or resold if that would result in a net profit. The money may also be used to purchase developed properties and the money would also be used to maintain those properties so that they could continue generating income for the group.

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In many ways, a property investment group tends to behave much like a mutual fund would. Some may offer a larger return on investments but these tend to also carry a much higher risk as well. It is up to the individual investor to determine which type of group will suit them best.

There are several advantages of a property investment group. The first tends to come with a well-established group that you would be joining rather than one which has only recently been formed. The advantage is that these groups will often own multiple properties instead of only one or two.

Because revenue is coming from multiple sources, property investment groups may not be as susceptible to fluctuations in the real estate market. You are often able to continue collecting a return on your investment even if an apartment complex or commercial building lacks a full complement of tenants.

Another advantage is that you do not need as much money when joining an investment group when compared with the amount you would need if you were investing on your own. Some individuals would like to invest but may not be able to come up with the higher down payment that an investment property requires. Pooling your money with that of other investors is a ready solution to this problem.

The simple fact that you are part of a group and therefore cannot have free reign to choose where your money is invested is definitely the main disadvantage to working with a property investment group. You can combat this to a certain extent by researching a group thoroughly by joining it. You want to make sure that the majority of their investments are ones that you agree with. You also want to make sure that you are dealing with a group that is in a good financial situation.

The second disadvantage is that while your risks are reduced, your profits are as well. This is because the same amount of revenue from a property will be shared amongst the members rather than given only to one or two people. You are the only one who can tell whether that fact is enough to keep you investing on your own rather than with a group.

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Why Attend Property Development Courses

Are you planning to invest in a property? Is managing your property investment adding to woes in your life? Itstime you attend a property development course. One of the biggest victims of the last financial meltdown was real estate. It was a global problem where both investors as well as developers were caught off-guard resulting in heavy financial losses. Property development courses are not meant just for the investors but small and big developers have a lot to gain attending them. If you aren’t yet convinced let us take a look at some of the advantages of attending property development courses:

Know The Industry – It is wise to known an industry well before investing in it. A property development
course will help you in the nitty-gritty of the real estate development industry. There is no other industry where the profit dynamics change so fast. What was good two years ago may not hold true anymore. You need to gather expertise to survive through trying times like the last meltdown. Property development courses help you in foreseeing the future trends in the industry.

Safeguard Your Interests – Rules and regulations in real estate industry keep on changing and it is important that you remain abreast to them. Most investors fall prey to developers and their agents due to the lack of knowledge about the latest rules and regulations. Property development courses from genuine institutes help investors making sound decisions to keep their property secure and not fall for the tall claims made by the fraud developers and their agents.

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Make Sound Investment Decisions – A property development course will help you in making sound
investment decisions. There is no actual price or true price of a property; it always depends on your bargaining power by understanding the factors affecting the price. You shouldn’t make decisions based on the face value of an agent’s sales pitch. Property development courses help you in comparing the pros and cons of investing in a particular property. It is always better than asking an agent or a developer to do this for you.

Time It Perfect – Timing your investment is the key to earning high return from a property. If you are making a purchase at peak price it isn’t expected to give you huge short time returns. Property development courses make you perfect the time of investing in a property. A property development course doesn’t merely teach you investing on a property based on the price but focuses on a lot of other factors such as tax savings, interest rates, energy efficiency of the property, discounts.

Managing Properties – If you are a big investor having multiple properties in your kitty, property development courses become all the more important for you. You need to learn the art of earning profit from each and every project and not just settle for cumulative profit. You need to understand when to sell off a property at the market peak.

Job Oriented – Property development courses aren’t just meant for investors but these courses help you get
lucrative jobs as well. You can make a great career by becoming a professional real estate agent. A property development course will help you in getting a lot of consultancy jobs both from the investors as well as the property developers.

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What Is a Property Developer?

New Zealand is a dream come true for property developers, with a rising population and plenty of space. But what exactly is a property developer and what skills are needed to successfully develop property in New Zealand?

A property developer is a person who develops properties to sell to consumers for a profit. Property developers vary from a couple who buy a property, do it up, then on sell it for a profit, to people buying rural properties for subdivision, to large-scale property developers like New Zealand’s Tim Manning, who create multi-million dollar apartments, gated communities and planned villages throughout the country.

Property development might involve land, construction, renovation, or changing the use of a building – converting an old factory into apartment blocks. While most property developers focus on the residential market, commercial property development (building shops, offices and malls) and tourism developments like hotels and holiday homes can also be lucrative markets.

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You can’t take a university course on property development – but you need a solid understanding of the market and its trends. A property developer must have a creative eye for new projects. They need to be able to spot a potential development opportunity and then crunch the numbers to figure out if it’s a viable investment.  A property developer will probably spend time overseas scouting ideas from other successful developments.

Next, a developer will need to obtain planning permission for the project. Often this means liaising with the local council, as well as consulting with local iwi, and perhaps obtaining geotechnical and archaeological surveys. Most property developers have a head for PR, spending time in meetings and directly engaging with the public about their projects.

A property developer needs to keep an eye on changing trends. In an ever-changing market place, tastes and preferences dictate whether a development will be a big earner or not. It takes a lot of skill and a certain amount of luck to design and engineer developments people want to live and work in.

Despite the volatile financial situation, many developers like Tim Manning are still in the game and enjoying an excellent return on their property investments. Tim says the secret to successful property development is thorough research, planning and a little bit of luck.

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Is using multiple sources the best way to find property development opportunities?

If you are planning to invest in properties you may wonder what the best way is to turn a profit. You want to be able to make the most money in the least amount of time and, ideally, be able to do so with the least amount of effort possible. They may wonder whether or not it is worth the time it takes to check multiple different sources for investment opportunities. The answer is an unequivocal “yes”.

The world is moving much faster due to the internet and real estate investing is no different than other markets would be. Properties that may have taken days or even weeks to sell are now moving off of the market in a few hours instead. This is great for the buyers but it may mean that things are more difficult for some investors. They may not be in a position to move immediately on a development opportunity and this can mean that it is sold out from under them.

The issue is not spending time looking at various information streams for property listings and investment opportunities. The issue is that some property developers are wasting time looking at the wrong online resources and are, as a result, finding it difficult to make purchases that will help them turn the kind of profit they had been hoping for.

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There are several areas that you should be looking for property development opportunities. Some may seem unconventional but the fact is that they may still provide you with unexpected yet valuable investment opportunities. Obviously, your first stop for information should be broker and real estate websites. They often have many different commercial and residential properties that you can choose from. You should check these frequently as well as ensuring that your real estate agent knows to contact you when a potential listing comes up. You may not want to allow it time to hit the market as this can open it up to competition from other interested buyers.

You may also want to look at social networking sites. Facebook, for example, has a market section where users can post items that are for sale. While this does not usually include properties there have been some offered for sale on the website in the past. You may also want to scan online classified ads as well. You may be surprised at what you will discover.

There are some sites that will have little to no use as a source for development opportunities. They may not allow users to post any information about items that are for sale or may be so difficult to use that you end up getting frustrated in your search.

Financial institutions can also be great sources for properties. If you get to know some of the employees who work at the financial institutions in your area they may be able to help you find out more about properties that may be of interest to you. By widening your search parameters you may end up getting a great piece of land at an unbelievable price.

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How New Technologies can help you find Properties to Develop

A property developer is going to find it difficult to be successful if they are unable to find properties to develop. Learning how to search quickly and effectively will be an asset to any developer who wants to ensure a good financial return on the investments that they are making. In the past, it was difficult to look for properties in an organized way especially if you were looking outside of the area where you were currently located. Now, however, it is possible to look for investment opportunities that are located at some distance from you.

It is important to find good property investment opportunities as quickly as possible for one simple reason: the best investment opportunities will sell incredibly quickly. The internet is giving other developers the same ability to find quality properties as you have and, as a result, great investment opportunities are selling out on an extremely rapid basis.

If you want to have the best chance of buying low and selling high you cannot simply wait for your estate agent to contact you. You will need to be proactive and learning how to look online and use other search methods is part of that proactive attitude.

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It is frustrating and time consuming to check data streams, web listings and realtor listings in order to find properties to sell however in the end, when you have made a tidy profit you will understand that it was time well spent.

Individuals who only have a limited amount of data to work with may have trouble seeing the bigger picture. It is important to get as much data as possible about the real estate market not only where you are thinking about looking but also in the areas surrounding that local. You may find that by going only a short distance outside of your target city or neighborhood that you are able to find investment opportunities that may prove highly lucrative. Do not limit yourself to dealing with only broker-listed properties. It may take some time for a realtor to tell you about a potential property especially if it is not listed with the agency you are currently working with. By searching properties out yourself you may be able to find a larger number of opportunities to bid on and this can, in the end, ensure that you have the chance to pick the most lucrative ones for your own use.

If you are going to be bidding on hot properties it is essential that you have your chain set up properly. Ensuring that financing is in order and that you have no problems which may scare off a seller is vital. By ensuring that everything is in place you can simply make your offer and sit back to wait for the results. Being prepared to bargain is also an asset. Figure out what is most important to you and be willing to negotiate on other points. Then you stand a better chance of closing your deal in a way that is favorable to you.

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